Page 92 - MOE ENGLISH PR REPORT - JANUARY 2025

H.E. Bin Touq and Chief Executive of Standard Chartered

Bank discuss the Bank's expansion plans in the UAE

Meeting highlights the importance of competitive economic
policies in creating promising opportunities for the private sector

UAE, XX January 2025- H.E. Abdulla bin Touq Al Marri, Minister of Economy, met
with Mr. Bill Winters, Group Chief Executive of Standard Chartered Bank, to explore
the strengthening of collaboration to support the growth of UAE's local businesses and
facilitate their global expansion. The discussions acknowledged the Bank's vital role in
making advanced banking services available to companies and business owners through
its extensive global branch network.

The meeting took place on the sidelines of the 55th World Economic Forum’s annual
meeting (Davos 2025), which was held under the theme ‘Collaboration for the
Intelligent Age.’

H.E. Bin Touq reiterated that the UAE has an open economic climate and a business
environment supported by advanced technological infrastructure, flexible and
competitive economic legislation and policies. These factors ensure a conducive
environment for business owners, companies, financial and economic institutions to
thrive and grow. H.E. said that the Ministry is keen on fostering collaboration and
productive partnerships with leading global business institutions, financial companies,
and major investment funds to strengthen the UAE's position as a dynamic global hub
for business and investment.

The Minister of Economy touched upon the crucial role played by Standard Chartered
Bank, alongside other international banks and financial institutions, in facilitating
business growth and driving investments in rapidly growing sectors.

Furthermore, the two sides exchanged experiences and perspectives on the role of
competitive and flexible economic policies in creating promising opportunities for the
private sector. They also explored key global economic advancements and their impact
on the region and discussed the most recent global investment and economic
diversification strategies, noting the importance of promoting private sector
investments in vital and sustainable industries.